Here is my most recent post on QCOM. In the model from that post the next move would be a break down of the ending diagonal. As you can see from today's update, the break down seems to be happening. It's all these bearish charts that are making me wary about just selling TVIX based on a potentially bullish play for the broader market ending diagonal.
These breakdowns are GREAT helps to traders. The sell trigger for shorts is so so easy. If this new support-turned-resistance cannot hold then you will be wise to fear the head fake. If this chart is serious about breaking down then it will not likely pussy foot around and go back up into the channel. If it does, cover shorts. I am not impressed by the fact that the chart in this model only kissed the top rail with the 5th wave. I would expect a throwover for Qualcomm.
By the way, it is always possible that metals decouple from the stock indices here. If the drum beat toward war gets louder it will be bad for stocks and good for gold and silver.
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